Universal Robina Corp., the listed food arm of the Gokongwei group, is giving up majority control of its cup noodles joint venture to Nissin Food Asia Co. Ltd. (NFA), the Thai subsidiary of Japan’s Nissin Foods Holdings Co. Ltd., in a move that reshapes a decades-long partnership in the instant noodle market.
The Philippines believes it can address concerns raised by the Office of the US Trade Representative (USTR) after Washington launched a new investigation into the country’s alleged shortcomings in enforcing restrictions on goods produced with forced labor.
The Philippines posted a US$5.7-billion balance of payments (BOP) deficit in 2025, equivalent to 1.2 percent of gross domestic product (GDP). This marked a reversal from the US$609-million surplus recorded in 2024.
The government is moving to safeguard fuel and fertilizer supplies for the sugar industry as the sector enters the most resource-intensive phase of the harvest season.
Prime Infra Foundation and Ahunan Power have partnered with the Department of Education (DepEd) to bring Starlink satellite internet to public schools in Pakil, Laguna, aiming to keep students connected during weather-related disruptions.
The Philippine information technology-business process management (IT-BPM) industry is targeting USD50.5 billion in revenue and 2.14 million jobs by 2028, with plans to expand employment while shifting toward higher-value services.
Finance Secretary Frederick Go has backed removing excise taxes on liquefied petroleum gas (LPG) and kerosene but rejected suspending taxes on gasoline and other fuels, citing an estimated P12 billion monthly revenue loss.
National Security Adviser Eduardo SL Oban Jr. warned Tuesday that substandard steel is a growing national security risk, threatening lives, critical infrastructure and the country’s defense supply chain.